Acquisition of own Stock

Acquisition of own Stock The board of Telefonaktiebolaget LM Ericsson has now resolved to acquire Ericsson B shares as approved by the Annual General Meeting on March 31, 2000 and already announced by the company on that day. The company will repurchase a maximum of 1,804,000 Ericsson B shares at par value of SEK 1 prior to the Annual General Meeting in 2001 in order to hedge its 1999 incentive program in a cost effective way. The shares may be acquired only at a price within the price interval at each time quoted by the Stock Exchange. This share repurchase will have only marginal impact on the financial results and the financial position of the Company that has issued a total of 7.8 billion B shares. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: http://www.ericsson.se/pressroom FOR FURTHER INFORMATION, PLEASE CONTACT Sten Fornell, Chief Financial Officer Phone: +46 8 719 3426 Carl Olof Blomqvist, Senior Vice President and General Counsel Phone: +46 8 719 8250, +46 70 519 8250 Vidar Mohammar, Corporate Treasury Phone: +44 20 745 154 01 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/12/20000512BIT00880/bit0001.doc http://www.bit.se/bitonline/2000/05/12/20000512BIT00880/bit0002.pdf